This transcript has been automatically generated and may not be 100% accurate.

... the race to buy the for one point one billion dollars this is what's news I'm WS J live at this hour ... I'm Thailand Co ... the two companies announcing the agreement today ... tumbler is a six year old social blogging platform with more than one hundred million users but very little revenue ... the independently operated as a separate business as CEO and founder David Karp ... will stay on as CEO ... the move highlights the shifting balance of power in the tech world ... has established giants like that who seek out companies which didn't taste in fast growing communities of users like tumbler ... meantime a new detail emerges in the IRS scandal a senior White House officials saying that the White House's chief lawyer ... learned weeks ago ... that an audit would likely show that Iris and placed in a perfectly targeting conservative groups ... the disclosure prompted debate over whether the president should be notified at that time ... present Obama said last week he learned about the controversy the same time as the public and Star Trek boldly goes where the franchise has never successfully gone before overseas ... Paramount's film Into Darkness grossed just over seventy million dollars in its opening weekend ... that's roughly the same as the two thousand and ... nine reboot ... the franchise but the film saw an eagle this information sales overseas as compared with its predecessor ... bookie keep us anomaly business about Mr upbeat and what's news I'm WS J last ...